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Requirements:
- BA/BS in Finance or Accounting
- CPA Required
- Current working knowledge of Tax Laws
- Prior leasing experience preferred
- Proficient with Great Plains and Excel
- Strength in LeasePlus and Access are preferred.
pstuber@nationwidefunding.com
About us: Nationwide Funding, LLC is a leading provider of equipment financing and leasing solutions for businesses nationwide, and the vendors who serve them. With its prime location in Southern California and offices in Chicago's downtown financial district, Nationwide Funding, LLC has been able to secure specialized credit facilities and create funding partnerships with a wide variety of financial institutions.
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Wednesday, November 22, 2006
"O God, when I have food,
help me to remember the hungry;
When I have work,
help me to remember the jobless;
When I have a home,
help me to remember those who have no home at all;
When I am without pain,
help me to remember those who suffer,
And remembering,
help me to destroy my complacency;
bestir my compassion,
and be concerned enough to help;
By word and deed,
those who cry out for what we take for granted.
Amen."
A Thanksgiving Prayer
by Samuel F. Pugh
Headlines---
Post a free “job wanted” ad
Liberty acquires First Penn Leasing
USXL Closes $325MM Term Securitization
Marlin Closes Shareholders Offer
Creekridge Capital w/M&I Bank
Classified Ads---Help Wanted
“Operating Leases
—A Broker’s Forgotten Friend”
Sales make it Happen---by Reg Lindholm
Cartoon---“Bad Dog”
Letters---We get eMail
Lessee Compliance Checklists
Sterling Financial 4th Quarter
GE Announces Exec. Appointments
News Briefs---
You May have Missed---
California Nuts Brief---
"Gimme that Wine"
Calendar Events
Snapple Real Facts
Today’s Top Event in History
Thanksgiving in American History
This Day in American History
American Football Poem
######## surrounding the article denotes it is a “press release”
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Classified Ads---Post a free “job wanted” ad
"Owners David and Linda Lowe say Wineglass Cellars is as much about having fun as it is about selling wine. A visit to the winery shows you what they mean. Stop on by to make a friend and drink our award winning wines." Zillah, Washington
For a full listing of all “job wanted” ads, please go to:
http://64.125.68.91/AL/LeasingNews/JobPostings.htm
* http://www.wineglasscellars.com/default.htm
[headlines]
### Press Release ###########################
Liberty Financial Group acquires First Penn Leasing
(Hatfield, PA) Liberty Financial Group, Inc., of Hatfield, PA announced that it has completed a transaction with First Penn Leasing of Reading, PA to acquire their current customer database.
Liberty Financial Group is a national commercial equipment leasing and finance company focused on meeting the needs of its customers in many markets. Transactions range from $5,000-$250,000 with a particular concentration in the Northeast. First Penn Leasing’s customer base includes many of the same customer profiles, as well as an expansion in the machine tool industry.
“This acquisition is ideal for us, and furthers our strategy of expanding Liberty Financial’s customer base in the midatlantic region, giving us a stronger and expanding client base in the Northeast corridor, as well as adding to our existing and diversified menu of core competencies,” stated Liberty Financial’s President, Tom Madonna. “There is already a strong synergy in the types of leases and finance agreements we structure for our clients, and we are excited about the possibility of providing our value-added array of services to First Penn’s client base.”
Liberty Financial is headquartered in Hatfield, Bucks County, PA, with regional offices in New York, New Jersey and Massachusetts. The company was founded in 2000 by former key employees of Omni Leasing, who brought with them a combined total of over twenty five years of financing experience in a wide variety of industries and markets. Currently, Liberty Financial employs 24 sales and administrative personnel, servicing clients throughout the United States, with most of its customers concentrated in the mid-atlantic region.
The operating philosophy of the Liberty Financial team emphasizes personal contact with, and direct service to, its clients. Its talented and experienced management team, and seasoned and creative sales and service staff, are continuously searching for new and improved ways to assist and better serve its clients. This philosophy and strategy has enabled Liberty Financial to experience continued growth since its inception.
First Penn owner, Shirley V. Caves, said she is confident that her clients will be treated as well by Liberty Financial as they have been by First Penn for the nearly 12 years that they have been in the business. Caves began in the leasing business in 1985, first with Meridian Bank’s leasing department then started First Penn Leasing in 1995. First Penn Leasing has also enjoyed a strong relationship with its clients, experiencing 70% repeat business and multiple contracts with many of its customer base. Although she is looking forward to retirement, Caves said that she will be available to assist Liberty Financial and its clients on an as needed consulting basis during what is expected to be a short, easy and smooth transition period.
For additional information, contact Tom Madonna, at 215-996-5656
Liberty Financial Group, Inc.
7 Church Road
Hatfield, PA 19440
Telephone: 800-422-1844
e-mail: tomm@libertyfg.com
web site: www.libertyfg.com
[headlines]
### Press Release ###########################
USXL Closes $325,000,000 Term Securitization
Issuance of Equipment Contract Backed Notes
Provides Financing for Continued Growth
PARSIPPANY, NJ, – US Express Leasing, Inc. announced that it completed its inaugural term securitization by issuing $311,000,000 in Class A and $14,000,000 in Class B equipment contract backed notes through its subsidiary, USXL Funding II, LLC. Credit Suisse was the transaction’s structuring agent and sole bookrunner and Barclays Capital and Wachovia Securities were co-managers. The $311,000,000 Class A notes are guaranteed by a financial guaranty insurance policy issued by FGIC.
According to USXL’s CEO Jim McGrane, this is a particularly meaningful transaction for the company because it establishes USXL’s ability to access the term ABS market in order to provide the financing needed to support the company’s continued growth. “This transaction represents another milestone in USXL’s evolution and brings us one step closer to achieving our goal of establishing a programmatic approach to future issuance,” McGrane says. “The transaction was a great success and we are fortunate to have received the market’s enthusiastic support as we continue to build the USXL franchise.”
According to Jeff Hilzinger, USXL’s CFO, the proceeds from this transaction will be used to repay borrowings under the company’s $375,000,000 commercial paper conduit facility. “This repayment, coupled with our $100,000,000 credit facility provided by Wells Fargo Foothill Lender Finance provides us with significant warehouse capacity to support the continued growth of our lease portfolio in 2007,” Hilzinger says. “We look forward to continuing to develop our relationships with investors as we become a regular issuer in the term market.”
About USXL
US Express Leasing, Inc. (USXL), headquartered in Parsippany, NJ, is an independent equipment leasing company originating transactions through dealers, distributors and manufacturers. USXL provides financing to the healthcare, information technology, telecommunications, office products, and commercial and industrial equipment markets. For more information, visit USXL on the Internet at www.usxl.com.
[headlines]
### Press Release ###########################
Marlin Business Services Corp. Announces Closing of Offering by Selling Shareholder
and 130,000 Share Over-allotment Option
MT. LAUREL, N.J., -- Marlin Business Services Corp. (Nasdaq: MRLN) announced the closing of a public offering by Primus Capital Fund IV Limited Partnership and its affiliate, of an aggregate of 1,000,000 shares of its common stock at $22.00 per share. The company also announced that the closing included the exercise-in-full of the 130,000 share over-allotment option granted to the underwriter of the offering. The Company did not receive any proceeds from the sale of the shares of common stock sold by Primus Capital Fund IV Limited Partnership and its affiliate.
Piper Jaffray & Co. was the sole manager for the offering.
About Marlin Business Services Corp.
Marlin Business Services Corp. is a nationwide provider of equipment leasing solutions primarily to small businesses. The Company's principal operating subsidiary, Marlin Leasing Corporation, finances over 60 equipment categories in a segment of the market generally referred to as "small-ticket" leasing (i.e. leasing transactions less than $250,000). The Company was founded in 1997 and completed its initial public offering of common stock on November 12, 2003. In addition to its executive offices in Mount Laurel, NJ, Marlin has regional offices in or near Atlanta, Chicago, Denver, Philadelphia and Salt Lake City. For more information, visit http://www.marlincorp.com or call toll-free at (888) 479-9111.
SOURCE Marlin Business Services Corp.
Contact: Lynne C. Wilson, Senior Vice President and Chief Financial Officer, Marlin Business Services, +1-888-479-9111, ext. 4108, E-mail: lwilson@marlincorp.com
[headlines]
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### Press Release ###########################
Creekridge Capital Announces Warehouse and Pool Facility Agreement with M&I Bank
MINNEAPOLIS---Creekridge Capital, LLC, a nationwide independent equipment leasing provider with a focus on healthcare and technology, announced today that it has closed on an additional $30 million warehouse and pool facility agreement with M&I Bank.
The agreement with M&I adds to Creekridge Capital's growing base of institutional capital providers that help fund the company's flourishing vendor leasing business. The company has vendor leasing programs in place with more than 20 organizations in the healthcare and technology industries nationwide.
"Our creativity and willingness to structure aggressive vendor leasing flow programs helps enable our vendor partners to offer appealing lease programs to their customers," said Jeff Cowan, executive vice president, Creekridge Capital. "This agreement is good for everyone. It also demonstrates our stability and consistent access to capital."
Todd Senger, vice president of Commercial Banking, M&I Bank, said that M&I places great value on its relationship with Creekridge Capital. "We enjoy funding the finance industry, and believe we offer creative financing solutions," he said. "For Creekridge Capital, this agreement means they can spend less time on funding and more time on revenue producing activities; that's great for their business."
Creekridge Capital, LLC, founded in Minneapolis in 1986, is a provider of creative leasing solutions with special expertise in healthcare and technology. The company funds leases in the range of $50,000 to $10 million for its own account. More information is available at www.creekridgecapital.com
[headlines]
### Press Release ###########################
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Classified Ads---Help Wanted
Controller
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Requirements:
- BA/BS in Finance or Accounting
- CPA Required
- Current working knowledge of Tax Laws
- Prior leasing experience preferred
- Proficient with Great Plains and Excel
- Strength in LeasePlus and Access are preferred.
pstuber@nationwidefunding.com
About us: Nationwide Funding, LLC is a leading provider of equipment financing and leasing solutions for businesses nationwide, and the vendors who serve them. With its prime location in Southern California and offices in Chicago's downtown financial district, Nationwide Funding, LLC has been able to secure specialized credit facilities and create funding partnerships with a wide variety of financial institutions.
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Funding Specialist
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Funding Specialist, Irvine, Ca
Small ticket exp., min 2+ years with plenty of energy. Bachelor's Degree preferably in Finance or other Business discipline.
Contact: pstuber@nationwidefunding.com
About Us: Nationwide Funding, L.L.C. is a financial services company offering equipment financing and business capital to small business owners and municipalities in all 50 states.
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Sales
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Sales Reps
Location open. Requires previous leasing sales experience. Unequaled commissions. For full description & contact info click here.
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Niche Market Sales Reps.
Not limited to, but includes:
- Dry cleaning
- Phone systems for small business
- Dental office
- Physicians office
- Laundry/dry cleaning equipment
Send your resume to sclerc@highlinecapital.com EOE.
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[headlines]
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Sales Make it Happen
by Reg Lindholm
"Operating Leases – A Broker's Forgotten Friend"
Operating leases often referred to as “off-balance sheet” financing, have not been as widely promoted in the market place since the collapse of Enron. In fact, the majority of a broker's funding sources offer leasing solutions that are unable to qualify for this method of accounting treatment (i.e.: 10% Purchase Options or $1 Outs). But in today's competitive leasing market, operating leases can assist the broker in closing more transactions and generating additional income for their business.
Financial Accounting Standards Board Pronouncement 13 (FASB 13) defines the accounting treatment for leases. FASB 13 classifies a transaction as an operating lease or a capital lease. If the lease qualifies for operating lease treatment, the lessee's payments are deducted as rent expense on their income statement and there is no asset or liability recorded on their balance sheet, hence the term “off-balance sheet” financing. At the end of the lease term the lessee generally has three options: (1) return the equipment to the lessor, (2) purchase the equipment for fair market value, or (3) continue making rental payments on a month to month basis or other negotiated period of time.
The broker who offers their prospective lessee's an operating lease solution can gain an advantage over their competition. An operating lease provides two significant benefits that assist the broker in closing the transaction. They are: (1) it provides the lessee a lower monthly payment than a capital lease, and (2) removes the interest rate objection because the payment is for usage (rent) not ownership.
How does the lessor compensate the broker for an operating lease transaction? The lessor generally pays points up front and shares a percentage on the residuals and renewals on the backend. The points up front range up to 2% of the original equipment cost. The residual and renewal sharing percentage is determined at the inception of the transaction and ranges from 20% to 50% depending on the yield achieved by the lessor.
Ask a financially successful broker where they made the most money. The majority will confirm that it has been a result of closing operating leases with residual and renewal sharing agreements.
Specialists in operating lease solutions over $250,000, middle market to investment grade, providing the broker with operating lease solutions that close more transactions and generate additional income for their business.
Leasing News invites you to contribute an article on “Sales makes it Happen,” from your own personal experience, from observations or training, that will help everyone involved in the sales process become more successful. kitmenkin@leasing.org
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[headlines]
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[headlines]
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Letters---We get eMail
Christopher “Kit” Menkin, Editor
“I do not speak American very well and am looking for a leasing broker who speaks Spanish. Can you recommend one to me?”
(Name with held)
Any reader who can fulfill this request, please let me know and will forward your name. editor)
--
Commercial Money Market
http://www.leasingnews.org/archives/November%202006/11-08-06-FLASH.htm
"I remember when my staff and I were sub servicing the CMC portfolio for 2 of the 4 sureties. Even then no one but a few of us servicing agents and a few previous employees of CMC knew the deal.
" On behalf of those at loss I am just glad publications like yours keep the lenders and brokers aware that this type of activity is not welcome in the leasing industry."
Respectfully,
Troy Lang
Tierra Portfolio Services
tierraservices@qwest.net
-----
"Good help is hard to find. Tammy has never mastered the HP 12c. She cheats and looks up yields and factors in the book. Which proves you can't teach an old cat new tricks."
Ken Glasgow
Corporate Capital Leasing Group, Inc.
Naples, Florida
Offices Nationwide
800-549-9570
888-248-0688 (fax)
www.cclg.com
ken@cclg.com
“I've been getting your newsletter for some time and I want to tell you that I appreciate your sensibilities about the ethical boundaries in our ‘industry’ and your pithy reporting. I also appreciate that you like good wine. “
Best wishes,
Alan Ross (CPA, currently on "inactive" status).
----
“Hope all is going well. I just came back from the UAEL (United Association of Equipment Leasing ) planning meeting where we discussed a lot of great ideas for the next year. One of the ideas really doesn't have anything to do with us as an Association, but we thought a lot of leasing people would be interested in seeing an Archive or Aggregation of all the sales and Leasing 102 articles you have made available.
“Just a thought, but I think it would be popular and well received. I don't think the authors would mind. Take care and again would love to see you in Walnut Creek on the 30th for the Holiday Mixer.”
Paul Knowlton, Managing Director
First Republic Equipment Finance
925-952-8253
pknowlton@firstrepublic.com
(You have given us an idea to make a section for features, as right now in the top stories they are under the last story written. Perhaps other readers don't know we have a full collection, and all they had to do in the past was to click on the story title and it would go to the full collection.
(We have now made a section for this:
http://www.leasingnews.org/#top
(Thank you again for the idea.)
(And will try to make the November 30th meeting as I am
sure I will have a lot of friends in attendance.)
Kit Menkin
(PS---I see it is no longer Bank of Walnut Creek Leasing
(From First Republic Web site:
http://www.firstrepublic.com/downloads/promo/AnalystPresentation.pdf )
[headlines]
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Lessee Compliance Checklists
Rationale and Requirements Checklists/ Sarbames-Oxley Compliance Journal
Michael Keeler
President/CEO
Ecologic Leasing Solutions
“Corporate lessees can suffer significant economic loss unless they both comply with and manage their master lease agreements while also adhering to regulations such as FASB, IASB and Sarbanes-Oxley. This article looks at the issue of materiality and gives vital checklists to ensure compliance.”
Article:
http://leasingnews.org/PDF/Sarbanes-Oxley_Comp_Jrnl%20__Ns.PDF
[headlines]
### Press Release ###########################
Sterling Financial Corporation of Lancaster, Pa.,
Announces Quarterly Dividend for Fourth Quarter 2006
LANCASTER, Pa., -- The board of directors of Sterling Financial Corporation (Nasdaq: SLFI) declared a $0.15 per share cash dividend for the fourth quarter of 2006. This $0.15 per share quarterly dividend is the same as the preceding quarter and represents a 7.1 percent increase in the quarterly dividend over the dividend of $0.14 declared in the fourth quarter of 2005. In addition, it represents a dividend yield of 2.53%, based on Sterling's closing market price of $23.70 on Nov. 20, 2006. The fourth quarter dividend is payable on Jan. 2, 2007, to shareholders of record on Dec. 15, 2006.
Sterling Financial Corporation has an 18-year record of consecutively increasing shareholder dividends.
With assets of $3.1 billion and investment assets under administration of $2.8 billion, Sterling Financial Corporation (Nasdaq: SLFI) is a diversified financial services company based in Lancaster, Pa.Sterling Banking Services Group affiliates offer a full range of banking services in south-central Pennsylvania, northern Maryland and northern Delaware; the group also offers correspondent banking services in the mid-Atlantic region to other companies within the financial services industry. Sterling Financial Services Group affiliates provide specialty commercial financing; fleet and equipment leasing; investment, trust and brokerage services; insurance services; and human resources consulting services. Visit www.sterlingfi.com for more information.
Full Press Release here:
http://www.snl.com/irweblinkx/file.aspx?IID=100659&FID=3084916
[headlines]
### Press Release ###########################
GE Announces Executive Appointments--Cap. Solutions
Roman Oryschuk, 53, is President & CEO, GE - Capital Solutions, Europe. Oryschuk started his career at GE in 1993 as President & CEO, Equipment Financing, Canada within GE Commercial Finance. He held that role until 2003 when he took responsibility for the Equipment Finance business in Europe. Before GE, Oryschuk was President & CEO, National Bank Leasing for the National Bank of Canada. Oryschuk received his Masters' in Finance/Accounting from McGill University in Montreal, Canada in 1983 and his Bachelors in Marketing and International Business, also from McGill in 1976.
Full list of appointments here:
http://biz.yahoo.com/bw/061121/20061121005482.html?.v=1
[headlines]
### Press Release ###########################
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News Briefs----
Alameda Bank parent splits stock
http://www.mercurynews.com/mld/mercurynews/news/breaking_news/16068447.htm
A Second Look: Schwab/Bank of America
http://www.businessweek.com/ap/financialnews/D8LHMA180.htm
First Banks' brand goes on Walgreens ATMs
http://www.stltoday.com/stltoday/business/stories.nsf/story/
1EB6423C4EDBC3EF8625722E000FF932?OpenDocument
California court: websites not liable for libel in third-party postings
http://www.breitbart.com/news/na/cp_z112019A.xml.html
Google Stock Price Rises Above $500
http://www.breitbart.com/news/2006/11/21/D8LHN8080.html
At Dell, Profit Rises, Questions Linger
http://www.nytimes.com/2006/11/22/technology/22dell.html?_r=1&ref=business&oref=slogin
Deere 4Q profit rises 19 percent, but expects sales slowdown this year
http://www.signonsandiego.com/news/business/20061121-1351-earns-deere.html
Carrie Underwood half-time Dallas Salvation Army Salute
http://www.prnewswire.com/broadcast/25773/consumer.shtml
[headlines]
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You May have Missed---
Banks clear big checks first
http://www.usatoday.com/money/industries/banking/2006-11-19-bank-usat_x.htm
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California Nuts Briefs---
SAN FRANCISCO
City reveals details of plan for 49er stadium
http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2006/11/22/STADIUM.TMP
[headlines]
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“Gimme that Wine”
Choosing the Right Wine for America's Great Bird: John Mariani
http://www.bloomberg.com/apps/news?pid=20601088&sid=aHsMokzv3EkU&refer=muse
Golden colors, golden tastes draw winemakers to Yosemite
http://www.napavalleyregister.com/articles/2006/11/16/features/food_and_wine/
doc455c803a1c38f609377835.txt
Bordeaux Wine Prices Show Signs of Cool
http://www.bloomberg.com/apps/news?pid=20601088&sid=aVJHbbGgIprs&refer=homeing
After 12-Month Surge
Wine industry toasts soaring white Burgundy price
http://today.reuters.com/news/articlebusiness.aspx?type=ousiv&storyID=2006-11-20
T122332Z_01_L20551758_RTRIDST_0_BUSINESSPRO-LIFE-FRANCE-WINE-DC.
XML&from=business
Two-buck Chuck hits store shelves in Atlanta, Georgia
http://www.ajc.com/business/content/business/stories/2006/11/21/1121biztraders.html
Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/
US/International Wine Events
http://www.localwineevents.com/
Winery Atlas
http://www.carterhouse.com/atlas/\
Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm
The London International Vintners Exchange (Liv-ex)
is an electronic exchange for fine wine.
http://www.liv-ex.com/
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Calendar Events This Day
Lebanon: Independence Day
National Day. Gained independence from France in 1943.
Sagittarius, the Archer
In the astronomical/astrological zodiac that divides the sun’s apparent orbit into 12 segments, the period Nov 22-Dec 21 is identified, traditionally, as the sun sing of Sagittarius, the Archer. The ruling planet is Jupiter
http://www.astrology-online.com/sagittar.htm
http://www.astro.wisc.edu/~dolan/constellations/constellations/Sagittarius.html
Saint Cecilia: Feast Day
Roman virgin, Christian martyr and patron of music and musicians lived during the second or third century. Survived sentence of suffocation by steam, but succumbed to sentence of beheading. Subject of poetry and musical compositions and her east day is still an occasion for musical events.
http://pages.sbcglobal.net/jameswierzbicki/cecilia.htm
http://www.americancatholic.org/Features/SaintOfDay/default.asp?id=1207
http://www.catholic-forum.com/saints/saintc04.htm
http://www.newadvent.org/cathen/03471b.htm
What Do You Love About America Day?
One day to talk about what’s great about our country. Annually, the day before Thanksgiving.
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A turkey can run at 20mph
(They can also burst into flight approaching speeds between 50-55 mph in a matter of seconds.)
Facts about turkeys:
http://home.aristotle.net/Thanksgiving/turkey_facts.asp
[headlines]
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Today's Top Event in History
1963-There are certain days of the month we never forget. One of my most vivid is this day when President John F. Kennedy was slain by a sniper while riding in an open automobile at Dallas, Texas. Accused assassin Lee Harvey Oswald was killed in policy custody awaiting trail.
There has been much controversy about his death and perhaps we would not have escalated the Viet Nam war and the succession of leadership would have changed differently in our country. Generations recall watching CBS Television on this day. The popular soap opera "As the World Turns" was interrupted by a flash bulletin from Dallas. No one was available to man the CBS News studio at that instant, but a voice informed the nation that President John F. Kennedy had been gravely wounded during a motorcade through downtown Dallas. Minutes later, the network interrupted again to bring the world the terrible news. This time, Walter Cronkite, wearing partially rolled-up, white shirt sleeves, a loosened tie, no makeup, and black glasses, read wire copy just handed him: “Ladies and gentleman, the President of the United States is dead.” Cronkite, disbelieving the words he had just said, turned to look at a studio clock, stoically raised a hand to wipe away tears and continued with the tragic news that President Kennedy had died while undergoing emergency surgery at Parkland Hospital.
http://www.ipl.org/div/potus/jfkennedy.html
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Thanksgiving in American History
1621-History records the earliest American harvest festival was celebrated in early December by the Pilgrims at Plymouth, Mass. A peace treaty and defensive alliance between the Wampanoag Indians and the Pilgrims was concluded at Strawberry Hill, Plymouth, Mass. Arranged by Squanto, an English-speaking Indian, it was one of the earliest recorded treaties between Europeans and Indians in North America. Squanto had been kidnapped and sold as a slave in Spain. He escaped to England, where he learned English, and lived in Newfoundland for a time before returning to Massachusetts in 1619.
Meat and bird were rare. Turkeys flourished in Pennsylvania, but not in New England. Seafood was the main source of nutrition women and children arriving in New England to join their Pilgrim husbands and fathers. Settlers were feasted with “a lobster or a piece of without bread or anything else but a cup of spring water.” Many lobsters weighed 25 lbs. and were so abundant that the smallest child could catch them. Clams, mussels, and fish stew were also popular dishes.
The coastal Indians, diminished by a viral hepatitis, needed the Europeans to help protect them from “inland” Indian tribes and approached the “Pilgrims” to aid them offering food and fur as blankets for small trinkets that was their main reason for the relationship. Many of the blankets unknown to all carried measles, chicken pox, and other European diseases unknown to the New World (See the December, 2005 edition of Smithsonian Magazine. The Indian population on the East Coast was ten million and within one hundred years diminished to one million.)
1631-The first public thanksgiving, a fast day, was celebrated in Massachusetts Bay Colony, on February 22, though history records many private celebrations before this date.
1789- Thanksgiving Day was celebrated for the first time as a national holiday. Pres. Washington, at the request of Congress, had proclaimed it a day of thanksgiving for the Constitution. Anti-Federalists protested that his proclamation violated states rights.
1864- Oct 3, Thanksgiving Day was proclaimed a national holiday by Pres. Lincoln, to be observed on the last Thursday in November. In 1939, Pres. Franklin D. Roosevelt moved Thanksgiving Day one week back to stimulate Christmas shopping. In 1941, Congress adopted a joint resolution confirming the fourth Thursday, not the last Thursday, as Thanksgiving Day. In most states, the Friday after Thanksgiving is also a holiday. In Nevada, it is called Family Day.
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This Day in American History
1542 -- New laws are passed in Spain giving Indians in America protection against enslavement.
1621-History records the earliest American harvest festival was celebrated in early December by the Pilgrims at Plymouth, Mass. A peace treaty and defensive alliance between the Wampanoag Indians and the Pilgrims was concluded at Strawberry Hill, Plymouth, Mass. Arranged by Squanto, an English-speaking Indian, it was one of the earliest recorded treaties between Europeans and Indians in North America. Squanto had been kidnapped and sold as a slave in Spain. He escaped to England, where he learned English, and lived in Newfoundland for a time before returning to Massachusetts in 1619. Meat and bird were rare. Turkeys flourished in Pennsylvania, but not here. Seafood was the main source of nutrition women and children arriving in New England year to join their Pilgrim husbands and fathers. Settlers were feasted with “a lobster or a piece of without bread or anything else but a cup of spring water.” Many lobsters weighed 25 lbs. and were so abundant that the smallest child could catch them. Clams, mussels, and fish stew were also popular dishes. The coastal Indians, diminished by a viral hepatitis needed the Europeans to help protect them from “inland” Indian tribes and approached the “Pilgrims” to aid them offering food and fur as blankets for small trinkets that was their main reason for the relationship. (See the December, 2005 edition of Smithsonian Magazine.)
1631-The first public thanksgiving, a fast day, was celebrated in Massachusetts Bay Colony, on February 22, though history records many private celebrations before this date.
1633-- Irish Catholic Cecil Calvert, 27, sent two ships (the Ark and the Dove) from Ireland to establish a colony in America as a refuge for fellow Catholics. His work later earned Lord Calvert the nickname, "Colonizer of Maryland."
http://www.epfl.net/exhibits/lordsbaltimore/cecil.html
http://www.somd.com/culture/history/cecilius-calvert.htm
1641 - An observer at Boston, MA, recorded a "great tempest of wind and rain from the southeast all night, as fierce as a hurricane, and thereupon followed the highest tide which we have seen since our arrival here".
1718--- Blackbeard the Pirate killed on North Carolina shore.
1789- Thanksgiving Day was celebrated for the first time as a national holiday. Pres. Washington, at the request of Congress, had proclaimed it a day of thanksgiving for the Constitution. Anti-Federalists protested that his proclamation violated states rights.
1847 -- In New York, the Astor Place Opera House, the city's first operatic theater, is opened.
1849-- Austin College was chartered in Texas at Huntsville under Presbyterian sponsorship. In 1876, the school campus was moved to Sherman, TX.
http://www.austincollege.edu/academics/
1854-San Francisco Saloon keepers at a mass meeting decided to keep the free lunch, despite the high cost.
1864- Oct 3, Thanksgiving Day was proclaimed a national holiday by Pres. Lincoln, to be observed on the last Thursday in November. In 1939, Pres. Franklin D. Roosevelt moved Thanksgiving Day one week back to stimulate Christmas shopping. In 1941, Congress adopted a joint resolution confirming the fourth Thursday, not the last T Thursday, as Thanksgiving Day. IN most states, the Friday after Thanksgiving is also a holiday. In Nevada, it is called Family Day.
1864-Confederate General John Bell Hood invades Tennessee in a desperate attempt to draw General William T. Sherman out of Georgia. We have written about this in the various campaigns and skirmishes. This movement was part of the sad saga of Hood's Army of Tennessee in 1864. In the spring, the army, commanded then by Joseph Johnston, blocked Sherman's path to Atlanta from Chattanooga. During the summer, Sherman and Johnston fought a series of relatively small engagements as Sherman tried to flank the Rebel army. Johnston slowly retreated toward Atlanta, but kept his army intact. By July, Confederate President Jefferson Davis had seen enough territory lost to the Yankees, so he replaced the defensive Johnston with the aggressive Hood. Hood made a series of attacks on Sherman outside of Atlanta that did nothing but diminish his own army's capabilities. After a one-month siege, Hood was forced to withdraw from Atlanta. He took his army south, then swung around west of Atlanta in an attempt to cut Sherman's supply line. This line ran down the corridor from Chattanooga covering the same ground over which the two armies had fought in the summer. Although Sherman had to commit a substantial part of his force to protect the lines, Hood could do little more than pick at them (we chronicled this). In October, Hood headed into Alabama to rest his beleaguered army. (we wrote about this.)Hood then embarked on a bold expedition to save the western theater for the Confederates. He planned to move toward Nashville, into Kentucky and maybe even into the Northern states before turning east and joining up with General Robert E. Lee's army, which was under siege at Petersburg, Virginia. It was an enormous task, but Hood was determined to carry it out. The November 22 passage into Tennessee marked the start of a new campaign that spelled disaster for the Confederates. In early November, Sherman took part of his force, cut loose from his supply lines, and began his March to the Sea, which would end with the capture of Savannah just before Christmas. He sent the rest of the force under George Thomas back to Nashville to guard against Hood. Hood charged toward Thomas and attacked part of his force at Franklin, Tennessee, on November 30. Hood suffered a devastating defeat there but continued on to attack Thomas at Nashville on December 15. After that attack, little remained of Hood's once-proud Army of Tennessee. As a side note, the white male voters in Tennessee did not want to secede from the union and the slave population in the state was low. (here is a fascinating account of “slavery” in Tennessee. http://www.tnstate.edu/library/digital/document.htm )
1873- American lawyer Horatio G. Spafford's four daughters drowned when their passenger ship, while crossing the Atlantic, collided with another and sank. The following month, as his own ship passed over the spot of the earlier tragedy, Spafford penned the words to the enduring hymn, "It is Well With My Soul." http://user.icx.net/~glhurst/index_43a.html
1893-Birthday of Alrutheus A. Taylor, teacher and historian.
http://www.amazon.com/exec/obidos/search-handle-url/index=books&field-author=
Taylor%2C%20Alrutheus/104-6368463-9838304
1899- Hoagland Howard Carmichael, attorney who gave up the practice of law to become an actor and songwriter. American songwriter, pianist, and singer, b. Bloomington, Ind. While still a student at Indiana Univ. he was influenced by a number of jazz musicians. Several of his jazz tunes, e.g., "Riverboat Shuffle (1924), became popular in the 1920s. He went on to write many songs, of which "Stardust (1929) is best known. Others include "Georgia on My Mind (1930), "The Nearness of You (1938), "Skylark (1942), and "In the Cool, Cool, Cool of the Evening (1951, Academy Award). Carmichael also played in and recorded with a number of bands. His easygoing charm made him a popular celebrity and was apparent in his film roles, e.g., in To Have and Have Not (1944) and Young Man with a Horn (1950). Carmichael died at Rancho Mirage, CA. Dec 27,1981
http://www.firstmonday.org/issues/issue5_6/brancolini/
1905-Birthday of tenor-clarinetist Cecil Scott, born, Springfield, Ohio.
1910- Arthur F. Knight of Schenectady, NY obtained a patent for a golf club with a steel shaft; it had tapered and tempered steel tubing. Before this date, all clubs were made of wood.
1911-Birthday of reedman Ernie Caceres, born Rockport, TX.
http://www.landing.com/profiles/caceres.htm
http://shopping.yahoo.com/shop?d=product&id=1927046799&clink=dmmu.artist&a=a
1912-Birthday of 1912 Doris Duke, U.S. tobacco heiress and philanthropist who proved the old adage that money can't buy happiness. After several failed marriages and disillusionment with those close to her, she left her estate to the Doris Duke Charitable Foundation, an estimated $1.2 billion which made it one of the world's most richly endowed philanthropies at the time.
1921-Birthday of Rodney Dangerfield ( Jacob Cohen), comedian, actor, born Babylon, NY.
“ I don’t get no respect.” . Caddyshack, Easy Money, Back to School, Natural Born Killers, Ladybugs, The Dean Martin Show)
http://www.rodney.com/home/home.asp
1925—French hornist-musicologist Gunther Schuller birthday.
http://www.artistdirect.com/music/artist/bio/0,,490385,00.html?artist=Gunther+Schuller
http://www.schirmer.com/composers/schuller_bio.html
http://www.stevenestrella.com/composers/composerfiles/schullerliving.html
http://www.gmrecordings.com/gm2059.htm
1927-Birthday of trombone player Jimmy Knepper, Los Angeles.
http://shopping.yahoo.com/shop?d=product&id=1927005896&clink=dmmu.artist&a=b
1938 - Bunny Berigan and his orchestra waxed "Jelly Roll Blues" on Victor Records. The tune became a standard for the band.
1942- birthday of Guion S. Bluford, Jr., first African-American astronaut in space, West Philadelphia, PA.
http://www.jsc.nasa.gov/Bios/htmlbios/bluford-gs.html
http://raahistory.com/astro/bluford.htm
1945—Top Hits
It’s Been a Long, Long Time - The Harry James Orchestra (vocal: Kitty Kallen)
Till the End of Time - Perry Como
I’ll Buy that Dream - The Pied Pipers
Sioux City Sue - Dick Thomas
1952-"It's in the Book" by Johnny Standley topped the charts and stayed there for 2 weeks.
1953—Top Hits
Ebb Tide - The Frank Chacksfield Orchestra
Rags to Riches - Tony Bennett
Ricochet - Teresa Brewer
There Stands the Glass - Webb Pierce
1955 - RCA paid the unheard of sum of $25,000 to Sam Phillips of Memphis, TN for the rights to the music of a truck driver from Tupelo, Mississippi: Elvis Presley. Thanks to negotiations with Elvis’ manager, Colonel Tom Parker, RCA tossed in a $5,000 bonus as well -- for a pink Cadillac for Elvis’ mother.
1957 - The Miles Davis Quintet debuted with a jazz concert at Carnegie Hall in New York.
1957--- In a controversial vote, Yankee outfielder Mickey Mantle edges out Red Sox superstar Ted Williams to win the American League MVP. In spite of the 'Splendid Splinter' leading the league with a .388 average and 38 home runs, as well as a stunning .731 slugging average, two Chicago writers still list him in the ninth and tenth places on their ballots.
1957 - Extremely destructive Santa Ana winds blew from Oxnard to San Diego and inland parts of southern California. The high winds produced a 28,000 acre brush fire on a 40-mile front west of Crystal Lake. People were ordered off streets in some areas due to flying debris.
1959- Boston Patriots enter the AFL
http://www.patriots.com/home/default.sps
1959- The Fort Wayne Pistons used a stall tactic to defeat the Minneapolis Lakers, 1918, in the lowest-scoring NBA game ever. the game drew a large crowed for fifty cent tickets for father-son night, but was so boring that people were reading newspapers in the stands during play. The game led to the adoption of the 24-second clock in 1954.
1961—Top Hits
Runaround Sue - Dion
Fool #1 - Brenda Lee
Goodbye Cruel World - James Darren
Big Bad John - Jimmy Dean
1961-Frank Robinson was the first baseball player to win Most Valuable Player in both major leagues. He was elected by the Baseball Writers Association for his efforts as a outfielder with the National League’s Cincinnati Reds, and again on November 8, 1966, unanimously, for services with the American League’s Baltimore Orioles. He developed a reputation as an aggressive outfielder and hard-charging base runner. Also a feared hitter, Robinson ranks fourth on the all-time home run list with 586, trailing only Hank Aaron, Babe Ruth and Willie Mays. His intelligence and leadership helped him become the major leagues' first African-American field manager in 1975, when he skippered the Cleveland Indians.
1963-There are certain days of the month we never forget. One of my most vivid is this day when President John F. Kennedy was slain by a sniper while riding in an open automobile at Dallas, Texas. Accused assassin Lee Harvey Oswald was killed in policy custody awaiting trail.
There has been much controversy about his death and perhaps we would not have escalated the Viet Nam war and the succession of leadership would have changed differently in our country. Generations recall watching CBS Television on this day. The popular soap opera "As the World Turns" was interrupted by a flash bulletin from Dallas. No one was available to man the CBS News studio at that instant, but a voice informed the nation that President John F. Kennedy had been gravely wounded during a motorcade through downtown Dallas. Minutes later, the network interrupted again to bring the world the terrible news. This time, Walter Cronkite, wearing partially rolled-up, white shirt sleeves, a loosened tie, no makeup, and black glasses, read wire copy just handed him: “Ladies and gentleman, the President of the United States is dead.” Cronkite, disbelieving the words he had just said, turned to look at a studio clock, stoically raised a hand to wipe away tears and continued with the tragic news that President Kennedy had died while undergoing emergency surgery at Parkland Hospital.
http://www.ipl.org/div/potus/jfkennedy.html
1964 - No. 1 Billboard Pop Hit: "Leader of the Pack," The Shangri-Las. The group is made up of two sets of sisters from Queens, New York - Mary and Betty Weiss and twins Marge and Mary Ann Ganser.
1965 - The production of "Man of LaMancha", including the classic "The Impossible Dream", opened in New York City for the first of 2,328 performances.
1965-Tamla-Motown Records releases Stevie Wonder's "Uptight." peaking at Number one, on the R&B chart and #3 on the pop chart, it will become the fifteen year old's biggest hit since "Fingertips Part Two" in 1963.
1968-The Beatles release their long-awaited double album simply called "The Beatles" but better known as "The White Album." Among the set's 32 songs is Ringo Starr's first songwriting contribution to the group's repertoire, "Don't Pass Me By," which as a single, makes it to Number One in Scandinavia.
1969---Top Hits
Wedding Bell Blues - The 5th Dimension
Take a Letter Maria - R.B. Greaves
Smile a Little Smile for Me - The Flying Machine
Okie from Muskogee - Merle Haggard
1971- the U.S. Supreme Court ruled in Reed v Reed that it was unconstitutional to give preference to men as executors of estates. Argued by Ruth Bader Ginsburg who herself would become a Supreme Court judge 22 years later, the decision marked the first time a high court decision overturned a law based on sex.
1971 - No. 1 Billboard Pop Hit: "Theme from `Shaft'," by Isaac Hayes. The single is the third No. 1 hit to win an Academy Award for best song.
1972- Chuck Thacker, a computer scientist at Xerox PARC, started designing the Alto computer, designed to improve the quality of machine-human interactions. The computer featured a graphical user interface, a mouse, and the ability to network easily with other computers. Despite its cutting-edge design, Xerox decided not to market the Alto. Instead, Apple's cofounder Steve Jobs, who saw a working version of Alto during a visit to Xerox PARC in December 1979, adopted many of Alto's ideas into the interfaces for the Apple Lisa and the Apple Macintosh, released in 1984. The Original Apple design came from Nolan Bushnell’s personal computer, which he thought would never became popular due to its limited storage and speed.
1972--- The United States loses its first B-52 of the war. The eight-engine bomber was brought down by a North Vietnamese surface-to-air missile near Vinh on the day when B-52s flew their heaviest raids of the war over North Vietnam.
1975-"That's the Way (I Like It)" by K. C. & the Sunshine Band topped the charts and stayed there for 2 weeks.
1977—Top Hits
You Light Up My Life - Debby Boone
Don’t It Make My Brown Eyes Blue - Crystal Gayle
Baby, What a Big Surprise - Chicago
The Wurlitzer Prize (I Don’t Want to Get over You) - Waylon Jennings
1977 - Tony Orlando returned to the concert stage after a self-imposed, three-month retirement following the suicide death of his good friend, Freddie Prinze. Orlando appeared in concert in San Carlos, California.
1977-Weddings will never be the same after Debbie Boone has a Number One hit with "You Light Up My Life." The record goes platinum on this date and makes Pat Boone a proud papa.
1981 -- San Diego tight end Kellen Winslow ties an NFL record with five touchdown catches in the Chargers' 55-21 victory over Oakland.
1985- Microsoft signed an agreement with Apple, allowing Microsoft to copy visual characteristics of Apple's Macintosh in its Microsoft Windows software. Windows was heavily based on the Macintosh user interface (which, in turn, was greatly influenced by the Alto, designed at Xerox PARC in 1972). The mouse instead of the keyboard was one of the innovations. In 1988, Apple sued Microsoft for copyright infringement, because Microsoft's licensing agreement had applied only to Windows 1.0, not to subsequent versions. The suit was dismissed in 1991.
1985---Top Hits
We Built this City - Starship
You Belong to the City - Glenn Frey
Separate Lives - Phil Collins & Marilyn Martin
Hang on to Your Heart - Exile
1986- Center Wayne Gretzky of the Edmonton Oilers scored the 500th goal of his National Hockey League career in only his 575th game, a 5-2 victory of the Vancouver Canaucks.
1986 -- Justice Department finds memo in Lt. Col. Oliver North's office on the transfer of $12 million to Contras of Nicaragua from Iranian arms sale.
1986- "Human" by Human League topped the charts and stayed there for a week.
1989- Kirby Puckett becomes the first major league player ever to sign a contract that calls for an average salary of $3 million per year when he inks a pact with the Twins for $9 million over three years.
http://minnesota.twins.mlb.com/NASApp/mlb/min/history/min_history_timeline.jsp?period=3
1989 - Strong northerly winds produced squalls along the shore of Lake Michigan, with heavy snow in extreme southeastern Wisconsin. Milwaukee WI received nine inches of snow, and in Racine County there were more than one hundred automobile accidents.
1990-- George Bush visits US troops in Saudi Arabia during Thanksgiving.
1992 - 45 tornadoes touched down in the Tennessee and Ohio Valleys. Georgia was hard hit with 2 F4 , 1 F3 and 3 F2 storms which killed 6 people and injured 144. Indiana has a total of 15 tornadoes on this day to set a record for an outbreak in November and for the month of November. One, an F4 multiple vortex type, cut a 22 mile path through extreme southeastern Indiana and northern Kentucky.
1998 - It was week 12 of the NFL football season as Denver Broncos QB John Elway achieved the 50,000-yard career-passing mark. He joined Dan Marino as the only passers to throw for more than 50,000 yards in a career. And Elway threw four touchdowns passes the following week to move into third place on the all-time TD pass list.
1999 - ‘The Great One’, Wayne Gretzky, was inducted into the Hockey Hall of Fame. On June 23, 1999 it had been announced that Gretzky would be the tenth, and last, player to have the three-year waiting period waived by the hall-of-fame selection committee “by reason of outstanding pre-eminence and skill.” Gretzky held 61 NHL records.
2005 - Tim McGraw, the Black Eyed Peas, Green Day, Destiny's Child and Kelly Clarkson triumph, each taking two trophies away from the 33rd annual American Music Awards at the Shrine Auditorium in Los Angeles
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American Football Poem
LEIF ERICSON
Leif the Viking bent his knees
And prayed to God in ten-o-three
"With your help I’ll set the sail
With your wisdom we’ll prevail."
Across the sea to a far off land
The Vikings sailed under Leif’s command
In winds and waves the ship was tossed,
But through it all the bark did cross.
A new world waited for Leif to view
Adventure, wonder, farmland too
Clear waters, fish and hunting grounds
A finer land could not be found
A man of courage, faith, and prayer
Leif the Norseman did his share
To open the worlds beyond the sea
A noble Viking, great was he!
Written by Carol Naevestad-Billings of Oxford, CT
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SuDoku
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
http://leasingnews.org/Soduku/soduko-main.htm
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